eBay is Considering Adding Cryptocurrency Payment

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The news coming out of America today is that eBay, the e-commerce giant, is considering adding cryptocurrency payment options to its site

Scott Cutler, the Senior Vice President of eBay Americas, said, “This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept bitcoin as a form of payment. We’re seriously considering it as these cryptocurrencies become more of a mainstream payment instrument, but we’re not quite there yet”.

Bearing in mind that eBay operates a huge market for mining hardware, there is no doubt that it is a well-used website when it comes to crypto-enthusiasts. While the quotes from Cutler may suggest that this kind of implementation isn’t exactly around the corner, it is merely echoing a general mainstream market trend to adopt Bitcoin and other cryptocurrencies as payment methods. It seems inevitable that sites as massive as eBay will follow eventually – probably sooner rather than later.

In recent weeks, we’ve seen other Internet giants such as Craiglist add options for crypto-payment to their websites, as the general market gains more trust in what was previously seen a niche.

The next step is for national and local businesses to routinely accept cryptocurrencies. With every major multi-national that jumps on board, this becomes more of a near-term likelihood. However, Amazon and Alibaba have yet to touch Bitcoin or its competitors. Jack Ma, the co-founder of Alibaba, recently said it wasn’t for him. But then, so did Lloyd Blankfein of Goldman Sachs, before they dipped their toe in the water late last week. So, who knows when these giants might change their minds?

via : https://coinblip.com/blog/ebay-adding-cryptocurrency-payment/

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